Jackson, MS vs Palm Bay, FL: 58 vs 91

$1,018/mo ↓ 32%

Median Rent

$1,487/mo ↑ 46%

$43,238/yr ↓ 36%

Median Income

$67,521/yr ↑ 56%

$108,200 ↓ 56%

Home Value

$248,000 ↑ 129%

$956/mo ↓ 21%

Owner Costs

$1,203/mo ↑ 26%

149,827

Population

125,273

Detailed Comparison

When comparing Jackson, MS and Palm Bay, FL, the overall cost of living indices are 58 and 91 respectively (national median = 100). Rent is $469/month cheaper in Jackson, saving renters about $5,628/year.

Median household income is $24,283/year higher in Palm Bay. Home values also differ significantly — the median in Jackson is $108,200 compared to $248,000 in Palm Bay.

Florida has no state income tax, giving Palm Bay residents a significant tax advantage over Mississippi's 5.0% rate.

Frequently Asked Questions

Jackson vs Palm Bay — common questions

Is Jackson or Palm Bay cheaper to live in?

Based on our cost index, Jackson is cheaper to live in with an index of 58 compared to 91 (US average = 100).

What is the rent difference between Jackson and Palm Bay?

Median rent in Jackson is $1,018/month and in Palm Bay it's $1,487/month — a difference of $469/month.

Which city has higher income, Jackson or Palm Bay?

Median household income is $43,238 in Jackson and $67,521 in Palm Bay. Median household income is $24,283/year higher in Palm Bay.

How do taxes compare between Mississippi and Florida?

Mississippi has 5.0% income tax, 7.0% sales tax, and 0.67% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.

Should I move to Jackson or Palm Bay?

It depends on your priorities. Jackson has a cost index of 58 with median rent of $1,018/mo, while Palm Bay has a cost index of 91 with rent of $1,487/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Jackson, MS vs Palm Bay, FL (2026)

Jackson

Palm Bay

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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